Grayson Bank agrees to lend the Trust Company $97,931 on January 1. Trust Company signs a $97,931, 12%, 9-month, interest-bearing note. The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is: Select the correct answer. $97,931 $97,931 $8,814 $89,117 $97,931 O Cash Notes Payable O Interest Expense Cash Notes Payable O Cash Interest Expense Notes Payable O Cash Interest Expense Notes Payable Interest Payable $106,745 $8,814 $97,931 $111,152 $8,814 $97,931 $4,407